The Czech koruna continued in its yesterday weakening and closed at 28,30 CZK/EUR. Czech 2Q current account didn´t surprise and though the market did´t react. Yesterday warning of S&P that the Czech rating outlook could be downgraded wanes, but a negative sentiment on the emerging currencies persists. The sentiment is influenced by increased expectations that the Fed could hike rates again. This also helps the dollar to firm. The USD gains against the major currencies and closed stronger also against the CZK at 22,22.
Tomorrow, some influential data vill be released in the CR. Mainly the 2Q GDP can have impact on markets. Beside that also Czech CPI and industrial production will be released.